BAKERSFIELD CATHOLIC EDUCATION FOUNDATION

EIN: 770220126 501(c)(3) Education

BAKERSFIELD, CA

Total Revenue
$3,078,145
Total Expenses
$1,510,402
Total Assets
$18,141,234
Net Assets
$18,138,054
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
CA
Principal Officer
DR THOMAS BERRY
Phone
6613272578
Tax Period
2024-01-01 to 2024-12-31

BAKERSFIELD CATHOLIC EDUCATION FOUNDATION, founded in 1989, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 268% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 51% operating margin.

Mission

THE SPECIFIC PURPOSE OF THIS ORGANIZATION IS TO PROVIDE SCHOLARSHIP ASSISTANCE AND TO SUPPORT GARCES MEMORIAL HIGH SCHOOL, BAKERSFIELD, CALIFORNIA.

Program Service Accomplishments

Program 1
Expenses: $863,033

CONTRIBUTIONS TO GARCES MEMORIAL HIGH SCHOOL FOR HIGH SCHOOL SCHOLARSHIPS

Program 2
Expenses: $278,145

CONTRIBUTIONS TO GARCES MEMORIAL HIGH SCHOOL FOR OTHER ASSISTANCE

Program 3
Expenses: $28,250

CONTRIBUTIONS TO GARCES HIGH SCHOOL FOR COLLEGE SCHOLARSHIPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,466,287
Program Service Revenue $0
Investment Income $602,780
Other Revenue $9,078
TOTAL REVENUE $3,078,145

Expense Breakdown

Grants Paid $1,169,428
Salaries & Benefits $36,000
Fundraising Expenses $0
Program Expenses $1,169,428
Other Expenses $304,974
TOTAL EXPENSES $1,510,402

Year-over-Year Comparison

2024 2023 Change
Revenue $3,078,145 $836,204 +2.7%
Expenses $1,510,402 $1,262,611 +0.2%
Net Income $1,567,743 $-426,407 -4.7%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$36,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR THOMAS BERRY PRESIDENT 1.00
Officer Director
$0 $0 $0
MELISSA FORTUNE CHIEF FINANCIAL OFFICER 1.00
Officer Director
$0 $0 $0
TOM MING SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID BLAINE BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE BORBA BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS HAMILTON MD BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN ANTONGIOVANNI BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS HAGAN BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW ZANINOVICH BOARD MEMBER 1.00
Director
$0 $0 $0
CINDY MEEK BOARD MEMBER 1.00
Director
$0 $0 $0
LOU ANN DURRETT EXECUTIVE DIRECTOR 19.00
Officer
$0 $0 $36,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,078,145 $1,510,402 $18,141,234 $1,567,743
2023 $836,204 $1,262,611 $15,205,769 $-426,407
2022 $413,788 $900,465 $13,545,670 $-486,677
2021 $5,369,252 $933,911 $16,058,631 $4,435,341
2020 $5,578,754 $648,801 $10,336,879 $4,929,953
2019 $1,263,373 $685,498 $4,603,620 $577,875
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